CIBC Investments (Cayman) Limited Announces Close of Offer to Purchase FirstCaribbean Shares.
CAYMAN ISLANDS, Jan. 31, 2007- CIBC Investments (Cayman) Limited (“CICL”) announced today that its mandatory offer to purchase all of the issued and outstanding common shares of FirstCaribbean International Bank Limited closed as scheduled at 5:00 p.m. Barbados time on Tuesday, January 30.
CICL has indicated to FirstCaribbean International Trust and Merchant Bank (Barbados) Limited, the dealer manager for this offer, that it intends to take up and pay for all tendered shares in accordance with the Offering Circular distributed in connection with the offer.
CIBC has restated its commitment to maintaining a strong minority ownership in FirstCaribbean that is expected to grow in the future.
